# Designated investment

> reg-5.19A — as in force on 2026-06-01 — F2026C00497 · Compilation No. 287 — https://www.legislation.gov.au/F2026C00497/latest/text

5.19A Designated investment
          (1) Subject to subregulation (2), the Minister may, by legislative instrument, specify
              a security issued by an Australian State or Territory government authority as a
              security in which an investment is a designated investment for the purposes of a
              Part of Schedule 2.
          (2) The Minister may so specify a security if and only if:
               (a) an investment in the security matures in not less than 4 years from its date
                   of issue; and
               (b) repayment of principal is guaranteed by the issuing authority; and
               (c) an investment in the security cannot be transferred or redeemed before
                   maturity except by operation of law or under other conditions acceptable to
                   the Minister; and
               (d) investment in the security is open to the general public at commercially
                   competitive rates of return; and
               (e) the Minister is satisfied that the Commonwealth will not be exposed to any
                   liability as a result of an investment in the security by a person.